FUNToken (FUN)

The exchange rate of one FUN at 13:36 UTC is 0.005059$

Chart | Average rate

“FUN” is a crypto asset that runs on the Ethereum blockchain. It is designed as a multifunctional token for the online gaming and gambling industry. FUN was created by “FunFair Technologies” in 2017 and is designed to support the fan ecosystem. However, in early 2021, the FUNToken team took over control of FUN and is now responsible for the development of the project.

“FUNToken” was founded by Jez San, Oliver Hopton and Jeremy Longley. All three of them have extensive experience in game design and development. This puts cryptocurrency in a relatively small group of tokens created by people with real experience in their target market.

The FUN token combines Ethereum blockchain technology with its own technology stack. This opens up a wide range of opportunities for developers, players, and platforms, and also suggests a growing number of opportunities for using FUN in the future.

FUN was designed to modernize the digital gaming and gambling industry. For example, the problem facing the current online gambling industry is that there may be a lack of transparency in the formation of prize money and other capital. The FUNToken platform was designed to overcome this problem by integrating games with blockchain technology to create a transparent gaming ecosystem. Transactions within the platform are stored on the blockchain and therefore can be tracked by anyone.

Since FUN is a standard ERC-20 token, gamers can easily trade and transfer FUN through compatible exchanges. The network also allows wallet-to-wallet transactions and in-game transactions. This means that gamers can reduce transaction times and spend more time playing games. Initially, 17 billion FUN tokens were created, 80% of which were distributed to industrial investors and buyers during the pre-sale on June 22, 2017.

The FUNToken network is secured with “proof-of-stake” consensus. It is a system in which network members seek to be chosen to validate transactions and add blocks to the blockchain. To stand a chance of being selected, participants must keep their crypto assets online. This requires less processing power than “proof-of-work” models. The network also uses a strategic FUN token burn schedule to ensure that the value of the tokens is maintained.

At the moment, FUN can be traded, bought and sold on exchanges. It can also be used for in-game transactions. In the future, FunToken plans to expand the number of use cases for its FUN token. For example, the team is developing a casino designed to use FUN tokens. In the long term, the project says it hopes to develop an entire FUNToken ecosystem where other gaming operators can include FUN tokens in their gaming platforms.